Can I retire at age 72 with 4,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$363,348$360,111$356,954$353,872$350,862$341,964
2 years$179,875$176,525$173,278$170,131$167,077$158,170
3 years$118,726$115,361$112,123$109,004$106,001$97,363
4 years$88,157$84,803$81,597$78,531$75,601$67,299
5 years$69,820$66,486$63,322$60,320$57,470$49,529
6 years$57,600$54,291$51,174$48,238$45,474$37,900
7 years$48,875$45,594$42,526$39,659$36,983$29,776
8 years$42,334$39,082$36,065$33,269$30,681$23,838
9 years$37,249$34,028$31,063$28,338$25,838$19,354
10 years$33,183$29,994$27,081$24,428$22,015$15,882
11 years$29,859$26,702$23,842$21,259$18,934$13,143
12 years$27,091$23,966$21,159$18,647$16,407$10,948
13 years$24,751$21,658$18,904$16,463$14,308$9,169
14 years$22,746$19,687$16,986$14,614$12,542$7,713
15 years$21,011$17,984$15,336$13,033$11,043$6,511
16 years$19,494$16,500$13,904$11,670$9,760$5,513
17 years$18,156$15,196$12,652$10,485$8,654$4,680
18 years$16,969$14,042$11,550$9,449$7,694$3,980
19 years$15,908$13,014$10,573$8,538$6,858$3,391
20 years$14,954$12,093$9,704$7,733$6,126$2,894
21 years$14,092$11,264$8,925$7,018$5,482$2,472
22 years$13,310$10,515$8,226$6,381$4,914$2,115
23 years$12,597$9,834$7,595$5,811$4,411$1,810
24 years$11,944$9,214$7,024$5,300$3,965$1,551
25 years$11,344$8,647$6,506$4,841$3,568$1,329
26 years$10,791$8,127$6,034$4,426$3,214$1,140
27 years$10,280$7,648$5,603$4,051$2,897$978
28 years$9,807$7,207$5,209$3,712$2,614$840
29 years$9,367$6,799$4,847$3,404$2,361$721
30 years$8,956$6,421$4,515$3,124$2,133$620
31 years$8,574$6,070$4,209$2,869$1,928$532
32 years$8,216$5,743$3,927$2,637$1,744$458
33 years$7,880$5,439$3,667$2,425$1,579$393
34 years$7,564$5,155$3,426$2,231$1,429$338
35 years$7,268$4,889$3,203$2,054$1,295$291
36 years$6,988$4,641$2,997$1,891$1,173$250
37 years$6,724$4,408$2,805$1,743$1,063$215
38 years$6,475$4,189$2,627$1,606$964$185
39 years$6,239$3,983$2,461$1,481$874$159
40 years$6,015$3,790$2,306$1,366$793$137
41 years$5,803$3,607$2,163$1,260$719$118
42 years$5,602$3,436$2,029$1,163$653$101
43 years$5,410$3,273$1,904$1,074$592$87
44 years$5,228$3,120$1,787$991$538$75
45 years$5,054$2,975$1,678$916$488$65
46 years$4,888$2,838$1,576$846$443$56
47 years$4,730$2,709$1,481$781$402$48
48 years$4,579$2,586$1,391$722$365$41
49 years$4,434$2,469$1,308$667$332$35
50 years$4,296$2,359$1,229$617$301$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $4,400,000, adding $6,639 every year, while hoping to spend $44,772 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 71/20/9 Blend
71$4,400,000$4,400,000$4,400,000$4,400,000
72$4,855,648$4,622,448$4,554,248$5,191,976
73$5,303,287$4,801,311$4,659,178$5,594,147
74$5,795,085$4,987,438$4,766,123$6,028,064
75$6,335,498$5,181,137$4,875,103$6,501,801
76$6,929,437$5,382,730$4,986,137$7,019,269
77$7,582,310$5,592,555$5,099,243$7,584,772
78$8,300,078$5,810,963$5,214,440$8,203,050
79$9,089,306$6,038,320$5,331,744$8,879,318
80$9,957,228$6,275,010$5,451,170$9,619,317
81$10,911,814$6,521,434$5,572,732$10,429,369
82$11,961,844$6,778,009$5,696,444$11,316,434
83$13,116,993$7,045,173$5,822,316$12,288,174
84$14,387,921$7,323,381$5,950,359$13,353,027
85$15,786,374$7,613,111$6,080,580$14,520,282
86$17,325,291$7,914,861$6,212,987$15,800,170
87$19,018,932$8,229,151$6,347,584$17,203,958
88$20,883,009$8,556,524$6,484,373$18,744,052
89$22,934,831$8,897,550$6,623,355$20,434,117
90$25,193,475$9,252,821$6,764,529$22,289,202
91$27,679,958$9,622,958$6,907,889$24,325,883
92$30,417,440$10,008,609$7,053,430$26,562,414
93$33,431,440$10,410,452$7,201,141$29,018,905
94$36,750,078$10,829,195$7,351,010$31,717,503
95$40,404,339$11,265,579$7,503,022$34,682,608
96$44,428,366$11,720,376$7,657,157$37,941,094
97$48,859,781$12,194,396$7,813,394$41,522,564
98$53,740,042$12,688,485$7,971,705$45,459,632
99$59,114,831$13,203,525$8,132,062$49,788,223
100$65,034,487$13,740,442$8,294,430$54,547,915